Bloomberg News

Lukoil, Rosneft, Mechel May Move: Russian Equity Market Preview

October 10, 2011

Oct. 11 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close, unless noted otherwise.

The 30-stock Micex Index advanced 2.2 percent to 1,380.86.

OAO Lukoil (LKOH RX): The largest private oil producer in Russia plans to increase spending to $10 billion this year and more in 2012 as it taps deposits abroad and works to stem declining output at home. Shares rose 3.5 percent to 1,670.70 rubles in Moscow.

OAO Rosneft (ROSN RX): Crude oil climbed to the highest level in two weeks as the leaders of Germany and France pledged to stem the European sovereign-debt crisis. Russia’s biggest oil producer gained 3.2 percent to 198.04 rubles.

OAO Mechel (MTLR RX), Russia’s largest maker of coal for steelmakers, is due to publish first-half earnings. Shares in Mechel rose 0.2 percent to 340.8 rubles in Moscow.

--Editors: Marie-France Han, Glenn J. Kalinoski

To contact the reporter on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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